General Electric Company (GE) Rating Reiterated by Stifel Nicolaus
Stifel Nicolaus reissued their buy rating on shares of General Electric Company (NYSE:GE) in a research note issued to investors on Thursday. The firm currently has a $26.00 price objective on the conglomerate’s stock.
GE has been the topic of a number of other reports. Morgan Stanley reaffirmed an equal weight rating and issued a $27.00 price target on shares of General Electric in a research note on Monday, July 17th. J P Morgan Chase & Co set a $22.00 price target on General Electric and gave the stock a sell rating in a research note on Tuesday, September 19th. Royal Bank Of Canada reaffirmed a buy rating and issued a $31.00 price target on shares of General Electric in a research note on Friday, September 15th. Vetr raised General Electric from a strong sell rating to a sell rating and set a $21.63 price target on the stock in a research note on Monday, October 2nd. Finally, Deutsche Bank AG reaffirmed a sell rating and issued a $21.00 price target (down from $24.00) on shares of General Electric in a research note on Monday, September 11th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. General Electric presently has a consensus rating of Hold and a consensus target price of $28.16.
Shares of General Electric (NYSE GE) opened at 22.96 on Thursday. General Electric has a one year low of $22.83 and a one year high of $32.38. The company has a market capitalization of $198.79 billion, a PE ratio of 27.97 and a beta of 1.19. The company has a 50-day moving average price of $24.25 and a 200 day moving average price of $26.74.
General Electric (NYSE:GE) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The business had revenue of $29.56 billion for the quarter, compared to analysts’ expectations of $29.07 billion. General Electric had a return on equity of 14.59% and a net margin of 6.45%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. Equities analysts anticipate that General Electric will post $1.53 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Friday, September 15th. General Electric’s payout ratio is 118.52%.
In other General Electric news, Director James S. Tisch purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was purchased at an average price of $24.56 per share, for a total transaction of $2,456,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Leonard Flannery purchased 103,983 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $25.56 per share, with a total value of $2,657,805.48. Following the purchase, the chief executive officer now directly owns 509,430 shares of the company’s stock, valued at $13,021,030.80. The disclosure for this purchase can be found here. Insiders have acquired 233,253 shares of company stock valued at $5,860,264 in the last quarter. 0.36% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of GE. First Command Financial Services Inc. raised its stake in shares of General Electric by 0.4% in the first quarter. First Command Financial Services Inc. now owns 53,305 shares of the conglomerate’s stock worth $1,588,000 after purchasing an additional 229 shares during the last quarter. Visionary Asset Management Inc. raised its stake in shares of General Electric by 2.7% in the first quarter. Visionary Asset Management Inc. now owns 108,235 shares of the conglomerate’s stock worth $3,225,000 after purchasing an additional 2,873 shares during the last quarter. Hays Advisory LLC raised its stake in shares of General Electric by 12.2% in the first quarter. Hays Advisory LLC now owns 7,461 shares of the conglomerate’s stock worth $222,000 after purchasing an additional 810 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of General Electric in the first quarter worth $214,000. Finally, Winslow Evans & Crocker Inc. raised its stake in shares of General Electric by 0.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 96,678 shares of the conglomerate’s stock worth $2,881,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 54.67% of the company’s stock.
General Electric Company Profile
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